Fly News Breaks for November 8, 2019
MTCH, ANGI, IAC
Nov 8, 2019 | 07:30 EDT
Benchmark analyst Daniel Kurnos said IAC (IAC) posted a solid quarter, with "the real story" being how Angi Homeservices (ANGI) "finally saw an end to their search woes at a time when several other categories are seeing major Google headaches." Though Match (MTCH) has taken some "punishment" for a soft Q4 and 2020 margin outlook, Kurnos said he continues to view IAC as one of his top internet picks. He maintains a Buy rating on IAC shares, though he lowered his price target on the stock to $285 from $300.
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